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20 June 2024 | 33 replies
If you haven't already, look into cost segregation, it's a great way to save a lot on taxes for items that wear out faster than 28 years.
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21 June 2024 | 10 replies
This is a rather narrow set of circumstances, but it is out there.For your situation, sounds like you would just be considering items 2 and 3 for tax purposes.
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19 June 2024 | 2 replies
If you purchase a property, many of the costs on the closing statement are added to your basis.There may be some items that are eligible for an immediate write off such as pro-rated taxes, interest, insurance and hoa dues.
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21 June 2024 | 10 replies
There are currently 10 items, which I affectionately refer to as the "10 Deadly Sins" that if they are included in your Wisconsin residential rental agreement will render the agreement void and unenforceable.In my representation of landlords over the past 20 years, the two most frequent situations in which I have found an illegal provision in a rental agreement were because: (1) the landlord decided to draft his/her own rental agreement and didn't know that Wisconsin law prohibited him/her from including certain language, and (2) the landlord used a rental agreement that s/he found on the internet that was not drafted by a person knowledgeable about Wisconsin landlord-tenant law.Section 704.44 of the Wisconsin Statutes sets forth the prohibited provisions.You cannot include a provision in your Wisconsin residential rental agreement that:1.
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19 June 2024 | 4 replies
I'm curious, how do you find the balance between quality and cost when looking for items on Craigslist and Facebook?
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19 June 2024 | 2 replies
Normal home owners insurance covers the house, liability, a bunch of miscellaneous items, and all your stuff (furniture, clothing, appliances, etc etc).
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18 June 2024 | 10 replies
And every speck of flying food and drink ends up on them, so eventually they look gross.
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19 June 2024 | 0 replies
The singer’s collection of wines comes to stores next month with a peaches/cream chardonnay (food dive).Bonus - A Nashville native broke the 100M butterfly world record at the U.S.
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19 June 2024 | 14 replies
A cost segregation will not classify the whole building as 5 year.It will classify some as 39 year, 15 year, 7 year, 5 year and 0 year.The items classified as 15, 7 and 5 year will be eligible for bonus depreciation.Since bonus depreciation is currently 60% for 2024, you will still be depreciation some of the remaining depreciable assets over the next 15, 7 and 5 years.A majority of the building will still be classified as 39 years which still gives you a good amount of depreciation into the future.
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18 June 2024 | 6 replies
This will usually be an excel sheet, or maybe something fancier, that will outline, item by item, everything that needs to be done, parsing out every item, labor, materials, etc.